Giants May Wait Until After The 2014 Season To Address Eli Manning’s Contract

As of now, Manning has two years remaining on his seven-year, $106.9 million contract that included $35 million guaranteed. The Giants currently have $4.57 million in available cap space, so there is some incentive to working out a contract extension now, especially considering that his 2014 cap figure sits at $20.4 million.

The problem is that Manning, 33, is coming off of a very disappointing season in which he led the league interceptions, and saw his offensive coordinator, Kevin Gilbride, retire.

Graziano mentions that New York could “gain a great deal of financial flexibility” by working on an extension now, but they would also run the risk of paying a quarterback who continues to decline.

Make him play out his final two years and earn a new contract, don’t just give it to him for past success. He’s been horrible for 2 yrs running. PFF has him ranked the 32nd QB in the league. Does that sound worthy of a contract extension???

Nicholas Heurich

Seems like they should extend his contract now while his stock is low. He’s been in a slump like this before and come back to win a Superbowl. Extending him when he’s coming off a bad year could keep him in Giants blue for a much more cap friendly rate than if they wait for him to bounce back. If he continues to struggle they could trade him to a team desperate for a QB. A cap friendly extension would help facilitate any trades. If the Vikings were willing to trade for Josh Freeman then there is a team out there who would trade for a two time Superbowl winning MVP.